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Tue 19 Jun 2018 07:59GMT

Latest Currency Headlines at SendMoney.org.uk

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British Pound Climbs on UK Retail While Euro Plunges on European Central Bank Caution Published: 14 Jun at 5 PM
Pound Sterling (GBP) The Pound has had a volatile week, as the latest UK data has given investors a mixed idea of whether a potential 2018 interest rate hike from the Bank of England (BoE) is becoming more or less likely. UK inflation and wage data disappointed investors earlier in the week, but Sterling demand was bolstered by a...
Pound Exchange Rates Decline after Surprise UK Wage Growth Slowdown Published: 12 Jun at 5 PM
Pound Sterling (GBP) The Pound has had a rough day of trading today, having been battered by poor domestic data and trader interest in other currencies. This has led to losses against the Euro and US Dollar, along with most other peers. On the home front, the pace of wage growth in the UK has been reported to have slowed during...
British Pound Weakened by Brexit Jitters as Euro Surges on European Central Bank Speculation Published: 7 Jun at 4 PM
Pound Sterling (GBP) This week has seen the Pound put in a mixed performance against major rivals. While it was supported against some other currencies due to solid UK services data, Brexit jitters have been enough to drag it lower against others. On Thursday, fresh Brexit uncertainties left the Pound unappealing, preventing it from...
Euro Exchange Rates Slide as Italy Faces Fresh General Election Published: 29 May at 5 PM
Pound Sterling (GBP) Excluding an advance against the Euro, the Pound has otherwise fallen or traded tightly against its regular currency peers today. Sterling has been most strongly influenced by trader worries about Brexit – the latest concern is that the City of London could be ‘frozen out’ by the EU in the future. The next...
British Pound Rebounds from Lows as UK Retail Impresses While Fed Dovishness Weighs on US Dollar Published: 24 May at 4 PM
Pound Sterling (GBP) Following another disappointing UK inflation report earlier in the week, Bank of England (BoE) interest rate hike bets tumbled and so did the Pound. With Britain’s economic outlook increasingly gloomy and Brexit uncertainties persisting, investors have had little reason to buy the British currency. Demand for the...
Pound Exchange Rate Volatility Triggered by Uncertain Future for BoE Forward Guidance Published: 16 May at 1 PM
Pound Sterling (GBP) The Pound has made a minor rise against the Euro today, but has otherwise struggled and fallen against the US Dollar, Australian Dollar and New Zealand Dollar. This poor overall performance comes on a quiet day for economic data; the main influence has been Bank of England (BoE) Deputy Governor Ben Broadbent. Mr...
Pound Sterling Plummets after Bank of England (BoE) Cuts UK Growth Forecasts Published: 10 May at 4 PM
Pound Sterling (GBP) The Pound has been one of today’s biggest currency losers, having dropped by -0.5% against the US Dollar and -1% against the Euro, in addition to seeing greater losses against other peers. This poor performance comes after Bank of England (BoE) policymakers voted to leave interest rates at 0.5% at their latest...
Pound Exchange Rates Decline after Services PMI Prints below Forecasts Published: 3 May at 4 PM
Pound Sterling (GBP) The Pound has fallen in value today, making minor losses against the Euro and US Dollar and dropping more heavily against the Australian Dollar and New Zealand Dollar. This poor performance follows the release of April’s services sector PMI, which grew but not by as much as expected. Pound traders were...
Euro to US Dollar Exchange Rate Fluctuates in Aftermath of European Central Bank Policy Decision Published: 26 Apr at 4 PM
While European Central Bank (ECB) President Mario Draghi was cautiously optimistic during Thursday’s April ECB policy decision, he did not offer much clarity on the bank’s policy timeline and as a result the Euro to US Dollar (EUR/USD) exchange rate only saw a mixed benefit from the day’s news. US ecostats also helped the US Dollar to...
Euro Exchange Rates Drop after ECB President Holds Cautious Policy Press Conference Published: 26 Apr at 4 PM
Pound Sterling (GBP) Despite limited UK economic data out today, the Pound has still surged by 0.5% against the Euro and made a smaller advance against the US Dollar. This strong overall trading comes as MPs discuss whether the UK should remain in the EU customs union after Brexit. Home Secretary Amber Rudd has stated that the UK...

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